LOGMEIN, INC. LOGM Income Statement

Logmein, inc. (LOGM)

Income statement / Quarterly

Mar'20	Dec'19	Sep'19	Jun'19	Mar'19	Dec'18	Sep'18	Jun'18	Mar'18	Dec'17	Sep'17	Jun'17	Mar'17	Dec'16	Sep'16	Jun'16	Mar'16	Dec'15	Sep'15	Jun'15	Mar'15	Dec'14	Sep'14	Jun'14	Mar'14	Dec'13	Sep'13	Jun'13	Mar'13	Dec'12	Sep'12	Jun'12	Mar'12	Dec'11	Sep'11	Jun'11	Mar'11	Sep'10	Jun'10
Revenue
322,383	322,680	316,941	313,064	307,700	310,198	308,927	305,650	279,217	276,036	269,267	257,025	187,458	87,965	85,103	83,266	79,734	76,084	69,573	64,834	61,109	59,899	58,062	54,975	49,020	45,181	42,970	40,670	37,437	36,984	35,367	33,796	32,687	32,322	31,001	29,097	27,038	25,349	23,492
Cost of revenue
84,878	83,980	81,230	80,767	77,688	72,853	72,853	72,833	62,942	55,423	55,605	53,236	38,939	11,380	11,485	11,436	11,200	10,263	8,678	8,535	7,982	7,881	7,334	7,397	6,120	4,946	4,685	4,776	4,409	3,974	3,687	3,424	3,417	2,994	2,597	2,445	2,536	2,243	2,264
Gross profit
237,505	238,700	235,711	232,297	230,012	237,345	236,074	232,817	216,275	220,613	213,662	203,789	148,519	76,585	73,618	71,830	68,534	65,821	60,895	56,299	53,127	52,018	50,728	47,578	42,900	40,235	38,285	35,894	33,028	33,010	31,680	30,371	29,270	29,328	28,404	26,652	24,502	23,106	21,227
Operating expenses
Research and development
39,879	39,951	39,452	40,379	40,717	40,153	42,220	43,920	43,116	40,296	42,603	40,710	33,122	13,622	14,161	14,046	15,364	12,839	10,379	10,256	9,123	9,080	9,751	7,973	6,712	7,021	7,693	6,918	7,391	6,656	6,788	6,696	6,219	5,694	6,105	4,661	4,317	3,560	3,760
Sales and marketing
126,210	115,015	110,604	120,825	114,634	100,398	95,041	99,343	88,215	88,345	89,379	93,469	75,768	39,278	39,628	41,663	42,242	36,027	33,929	34,604	34,386	30,654	30,091	31,053	27,710	23,332	22,327	22,567	20,568	18,523	18,214	16,474	16,845	15,501	14,612	14,056	12,986	11,506	10,806
General and administrative
33,699	41,401	34,954	34,539	33,886	33,463	37,441	39,106	35,443	39,906	37,906	33,163	49,391	20,343	18,694	11,404	10,252	9,263	8,457	8,608	6,706	8,514	7,887	7,448	6,677	5,396	5,913	6,352	11,520	6,650	4,982	4,799	4,905	4,397	5,681	3,836	6,058	2,909	2,677
Restructuring charge
18,541	-206	5,200	1,000	8,474	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Gain on disposition of assets
-	-	-	-	-	0	0	0	33,910	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Legal settlements
-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	3,600	-	-	-	-	-	-	-	-	-	-	-	-	0	0	0	-1,250	-	-
Amortization of acquired intangibles
33,328	39,312	39,368	39,390	39,499	43,841	44,268	43,347	41,083	37,155	36,613	36,154	24,420	1,354	1,363	1,357	1,383	1,072	286	282	276	234	228	322	203	162	161	180	179	146	145	145	127	11	32	92	92	81	81
Total operating expenses
251,657	235,545	229,550	236,089	237,210	217,855	218,970	225,716	173,947	205,702	206,501	203,496	182,701	74,597	73,846	68,470	69,241	59,201	53,051	53,750	54,091	48,482	47,957	46,796	41,302	37,599	36,094	36,017	39,658	31,975	30,131	28,116	28,098	25,605	26,431	22,647	24,704	18,058	17,325
Income (loss) from operations
-14,152	3,155	6,161	-3,792	-7,198	19,490	17,104	7,101	42,328	14,911	7,161	293	-34,182	1,988	-228	3,360	-707	6,620	7,844	2,549	-964	3,536	2,771	782	1,598	2,636	2,191	-123	-6,630	1,034	1,548	2,255	1,172	3,722	1,972	4,005	-201	5,047	3,902
Interest income
267	276	299	415	661	336	293	369	673	465	405	373	146	152	177	186	183	123	177	179	175	177	167	149	111	112	117	155	165	208	244	217	215	202	210	239	210	202	139
Interest expense
1,680	1,930	2,048	2,126	2,143	2,129	2,033	1,854	326	320	294	345	449	309	335	367	392	314	109	114	37	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-
Other income (expense), net
439	-401	180	-107	-260	-153	-77	-86	-240	-114	51	-128	50	176	-180	-92	-404	410	-540	258	1,261	-97	6	224	-28	-402	-141	-198	652	-678	4	269	-236	158	146	151	108	66	-28
Income (loss) before income taxes
-15,100	1,042	4,600	-5,600	-8,900	17,561	15,300	5,500	42,435	14,942	7,323	193	-34,435	2,007	-566	3,087	-1,320	6,839	7,372	2,872	435	3,614	2,944	1,155	1,681	2,344	2,167	-166	-5,813	1,112	1,788	2,204	1,151	3,765	2,036	4,093	-100	5,183	4,070
(Provision for) benefit from income taxes
-3,800	5,197	-500	900	100	-7,898	2,600	-1,000	12,723	-78,379	-2,597	-14,653	-15,871	145	91	581	-247	604	1,809	484	63	301	636	-175	677	2,803	2,223	1,194	-6	-1,084	1,071	1,628	1,075	1,749	908	1,410	-34	1,188	-4,910
Net income (loss)
-11,285	-4,102	5,108	-6,522	-9,039	25,388	12,717	6,554	29,712	93,321	9,920	14,846	-18,564	1,862	-657	2,506	-1,073	6,235	5,563	2,388	372	3,313	2,308	1,330	1,004	-459	-56	-1,360	-5,807	2,196	717	575	76	2,016	1,127	2,682	-65	3,994	8,981
Net income (loss) per share:
Basic
-0.23	-0.08	0.10	-0.13	-0.18	0.49	0.25	0.13	0.57	1.93	0.19	0.28	-0.43	0.07	-0.03	0.10	-0.04	0.25	0.22	0.10	0.02	0.15	0.09	0.05	0.04	-0.02	0.00	-0.06	-0.24	0.09	0.03	0.02	0.00	0.08	0.05	0.11	0.00	0.17	0.39
Diluted
-0.23	-0.08	0.10	-0.13	-0.18	0.50	0.24	0.12	0.56	1.89	0.19	0.28	-0.43	0.07	-0.03	0.10	-0.04	0.24	0.22	0.09	0.01	0.13	0.09	0.05	0.04	-0.02	0.00	-0.06	-0.24	0.09	0.03	0.02	0.00	0.08	0.04	0.11	0.00	0.16	0.37
Weighted average shares outstanding:
Basic
48,600	48,672	49,265	49,768	50,639	50,977	51,652	52,170	52,457	52,741	52,706	52,715	43,570	25,532	25,401	25,135	25,152	25,019	24,955	24,703	24,627	24,399	24,592	24,425	24,123	24,187	24,248	24,262	24,704	24,808	24,784	24,677	24,573	24,423	24,233	24,116	23,928	23,435	23,132
Diluted
48,600	48,569	49,368	49,768	50,639	51,628	52,066	52,875	53,415	54,953	53,606	53,723	43,570	28,275	25,401	25,828	25,152	26,122	25,768	25,673	25,557	26,431	25,203	25,159	24,749	24,187	24,248	24,262	24,704	25,400	25,303	25,367	25,354	26,411	25,108	25,169	23,928	24,882	24,551
Cash dividends declared and paid per share:
-	0.32	0.32	0.32	0.32	0.30	0.30	0.30	0.30	0.00	0.25	0.25	0.75	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-	-